Is ESSENDON a good suburb for positive geared property investment in Australia?

ESSENDON in VIC currently features property rental yields up to 2.9% with a 12-month capital growth value of Up 6.8%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in ESSENDON 3040?

The median house price in ESSENDON 3040 is approximately $1,815,000 based on the latest tracked market indices.

Investment Spotlight • Australia

ESSENDON 3040

State: VIC

Updated: 5 August 2026

PosiProp AI Investment Summary

ESSENDON (VIC 3040) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.9% and has experienced a 12-month capital growth of Up 6.8%, with a median house buy price of $1,815,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$1,360,000

Up 1.0% 2.9% Yield

3 house • buy

$1,622,500

Up 8.8% 2.9% Yield

4 house • buy

$2,030,000

Up 3.3% 2.9% Yield

all house • buy

$1,815,000

Up 6.8% 2.9% Yield

Suburb Market Profile

Last month Essendon had 119 properties available for rent and 117 properties for sale. Median property prices over the last year range from $1,815,000 for houses to $562,500 for units. If you are looking for an investment property, consider houses in Essendon rent out for $800 PW with an annual rental yield of 2.9% and units rent for $520 PW with a rental yield of 5.1%. Essendon has seen an annual compound growth rate of 6.8% for houses and 3.2% for units.

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